2Wall Street Journal Rpt.
problems. risk premiums for spain rose until the end of july, so european finance ministers agreed on a new mode of attack -- on july 20, they announced a 100 billion euro bailout to calm spain's blazing financial sector. over the summer, a new idea developed to prevent such disasters in future -- to set up a common bank supervisor in frankfurt. the plan was endorsed just before christmas. >> no one knows what shape it will take, but there's a promise our financial system will become more stable, which is keeping the markets stable today. >> in september, the european central bank director, mario draghi, announced plans to cut the borrowing costs of debt- burdened eurozone countries by buying the bonds. the financial markets were appeased. >> the financial markets' biggest headache was that the eurozone would collapse, and the only one who could prevent this was mario draghi. >> europe's politicians seemed quite satisfied at the end of the year. >> we have a long-term vision for our union. >> the euro is an important measure of this vision. it is still around, and it is worth almost as
here's more from mcconnell. [video clip] >> we took that vote back on july 25. it did not originate in the house. it has no chance of becoming law. that is what i said back on july 25. we allow that vote and i said we knew it did not pass constitutional muster and that democrats would proceed to a revenue bill that originated in the house as the constitution requires if they were serious and as i called on them to do last week. the so-called senate bill is no more than a glorified sense of the senate revolution. let's put that talking point aside. host: mitch mcconnell -- or is a story from politico.com, "why they will not go over the cliff." "they see an advantage in negotiating with republicans that will feel free not to raise taxes once the rates have gone out. the president is pulling in the mid 50's. there is still time for the dynamic to shift. speed banner will stress the house has passed legislation to avert the entire fiscal cliff. there is an ad we want to point out in "the new york times" and "the washington post." together" rds "come as a way to send a message to congress.
july to define him in the battleground states. other candidates, bill clinton in $100 million we have for 1996, did the same thing. this was a real gamble. but it really paid off. the romney folks are never able to recover. the definition that the obama people had established with the dominant one in the campaign. host: this is from "the boston sunday globe." two days before election day and then the piece goes on to say, looking back, to your point, the candidate never defining himself. and then overestimating his ground game. on the ground game side, they were worth about their own bravado about their own organization. part of it was, i think, a genuine ignorance about what president obama had going on. the romney campaign had a triple a round game. obama campaigned out a ground game that was led the 1927 yankees. it was up against a perhaps all- time great ground game. i do not think the romney folks appreciated that. a lot of the post-mortem pieces that we have done, talking about the obama ground game -- part of it is self-serving, as it masks some of their own problems -- but st
become more familiar with how government works and the ins and outs of capitol hill. >> julie watches c-span on verizon. c-span, created by america's cable companies in 1979, brought to you as a public service if by your television provider. >> "washington journal" continues. host: lawrence yun is the chief economist and senior vice president for the national association of realtors. how would you assess the housing markets today? guest: thanks for inviting me, peter. housing market has turned for the better in 2012. the home sales overall look to be about 10% better this year versus last. home prices on average are up about 5%. in some parts of the country, it's up better than 20%. you are seeing places like las vegas and miami where it's about a 10% gain. there's local market variation, but overall the housing market is recovering. host: if the u.s. government and american taxpayers go over the so called "fiscal cliff" what do you foresee for? the for? guest: the fiscal cliff is going to shave off about 4% of gdp, so that the national economic growth. currently is growing about 2%.
dow posting the first back-to-back triple digit gains since july. followed up with the worst day in a month. all the moves based on, well, whatat else, sentiment around t fiscal cliff deal. the economy though is looking stronger than many analysts expected. the gross domestic product was revised upwards, up from a previous level of 2.7%. the gdp is the broadest measure of the size and straeength of t u.s. economy. >>> the treasury department announces a plan to sell remaining shares to gm. that after bailing out the giant automaker. it will cost taxpayers $12 billion but saved more than a million jobs in the industry. >>> it's not much time left before the bush tax cuts expire and the automatic spending cuts kick in. the dreaded fiscal cliff that will likely have a powerful impact on the economy can washington actually come to an agreement and what's going on behind the scenes? don peebles, chair monday and ceo of the peebles corporation, don was a leading fund-raiser for president obama. good to see you. >> thank you. >> a lot of drama happening in washington. let's talk about the
. -- julie watches c-span on verizon. washington journal continues. host: joining us on indianapolis is doug wissing, author of "funding and the enemy." we are talking about afghanistan and the end game. first, the title of your book that you wrote this year, how u.s. taxpayers bankrolled the taliban, remind us of what you were right thing? -- were writing. guest: i am sorry. i'm getting feedback in my earphone. if you could come off my audio, thank you. when i was imbedded with u.s. soldiers in afghanistan, i began to realize that the soldiers were trying to explain to me that there was a toxics system that was connecting distracted american officials, -- i'm sorry, i'm back to getting this in my ear phone. host: we will see if they can fix it. if you can try to continue, we will try to fix it. guest: there was a toxic network, hearing myself twice simply does not work. there was a toxic network that was connecting distracted american officials, u.s. corporations, military- industrial and development and industrial complex corporations, corrupt afghan insiders, and the taliban. we w
Fetching more results